Sensex Trades Flat, Power Grid And M&M Top Gainers

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by Shambhu Datta Mishra

NEWS HIGHLIGHTS

At 9:55 am, Sensex was up 21 points or 0.02 per cent at 84,935 and Nifty was down 4 points or 0.02 per cent at 25,934

On the National Stock Exchange (NSE) 1,170 shares were in the green and 1,155 in the red

Nifty midcap 100 index was down 200 points or 0.33 per cent at 60,650 and Nifty smallcap 100 index was up 34 points or 0.18 per cent at 19,473

The markets of Tokyo, Shanghai, Hong Kong and Bangkok are trading in the green, while the markets of Seoul and Jakarta are trading in the red

Mumbai, Sept 25: Indian equity markets were trading flat Wednesday following mixed global cues.

At 9:55 am, Sensex was up 21 points or 0.02 per cent at 84,935 and Nifty was down 4 points or 0.02 per cent at 25,934.

In the early trade, market trend remained positive. On the National Stock Exchange (NSE) 1,170 shares were in the green and 1,155 in the red.

A mixed trend was seen in the midcap and smallcap stocks. Nifty midcap 100 index was down 200 points or 0.33 per cent at 60,650 and Nifty smallcap 100 index was up 34 points or 0.18 per cent at 19,473.

Among the sectoral indices, Fin service, pharma, metal, media, energy and infra were major gainers. IT, PSU Bank, FMCG, realty and consumption were major losers.

In the Sensex pack, Power Grid, M&M, HDFC Bank, Maruti Suzuki, Tata Steel, ICICI Bank, L&T and UltraTech Cement were the top gainers. Tech Mahindra, Asian Paints, HCL Tech, Wipro, JSW Steel, HUL, Tata Motors and TCS were the top losers.

Mixed trading is taking place in Asian markets. The markets of Tokyo, Shanghai, Hong Kong and Bangkok are trading in the green. The markets of Seoul and Jakarta are trading in the red. US markets closed in the green on Tuesday.

According to the market experts: "The Chinese monetary stimulus measures lifted the Chinese and Hong Kong markets yesterday and if the rally continues it is possible that FIIs will move more funds to invest in these markets which are highly attractive on valuations. In India metal stocks rallied in response to the Chinese stimulus measures."

"The gush of domestic liquidity, which is the main driving force behind the rally in India, is likely to keep the market resilient. If Nifty is to go past 26,000 decisively and sustain there, it has to be led by the Bank Nifty. There is more steam in this segment," they added.

The foreign institutional investors (FIIs) sold equities worth Rs 2,784 crore on September 24, while domestic institutional investors extended their buying as they bought equities worth Rs 3,868 crore on the same day.

(IANS)

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Sunny Singh, Aditya Seal Play Same-Sex Couple In ‘Amar Prem Ki Prem Kahani’ Trailer

by Shambhu Datta Mishra

Mumbai, Sept 25: The trailer of the upcoming streaming movie ‘Amar Prem Ki Prem Kahani’ was unveiled Wednesday.

It blends love and humour as it gives a glimpse of the life of Amar (played by Sunny Singh) who is burdened by societal expectations as he discovers his sexuality.

In search of liberation, he travels to London, and falls in love with Prem (played by Aditya Seal) on the flight. However, things take a turn when Amar is called back by his family over the pretext of an emergency. He later realises that he has been pushed into an arranged marriage.

The situation tests the strength of the same-sex couple as they navigate life.

Time to break the stereotype! Yeh love story aa rahi hai to blow your mind! 😌#AmarPremKiPremKahani streaming 4 October onwards, only on JioCinema Premium.@mesunnysingh @AdityaSeal_ @PranutanBahl #DikshaJsingh @gajjarhardik #JyotiDeshpande @imparthgajjar @poonam_shroff… pic.twitter.com/1tncmV9TBh — Jio Studios (@jiostudios) September 25, 2024

Talking about his character, Sunny Singh said, "Amar is a Punjabi guy—a sweet charmer who is emotionally connected with everyone in his family. However, he has kept one thing hidden from them: his sexuality, and he has been hesitant to discuss it. For Amar, love is very pure and compassionate, and he has always been searching for a strong relationship, which he finds with Prem, a contrasting personality. The film portrays same-sex relationships beautifully and aesthetically on screen”.

The film also stars Pranutan Bahl, whose dry sense of humour is absolutely loved by her co-actor Aditya Seal.

Aditya Seal said, “Prem wears his heart on his sleeve and lives each day as it comes. For him, love is a feeling he’s both afraid of and guards himself against until he meets "the one" and realises the lengths he’ll go to get that love back. Playing Prem was an interesting challenge because, no matter what I do, I’ll never truly experience the depth of what Prem feels. A huge part of this journey is owed to the film director, who helped me understand Prem on a deeper level. Pranutan is such a darling—her dry sense of humour made working with her a lot of fun, and we had some great banters”.

Presented by Jio Studios, produced by Jyoti Deshpande, Parth Gajjar and Poonam Shroff and directed by Hardik Gajjar, ‘Amar Prem Ki Prem Kahani’, is set to stream on JioCinema from October 4, 2024.

(IANS)

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Sensex Closes At All-Time High, Nifty Above 26,000 For First Time

by Shambhu Datta Mishra

Mumbai, Sept 25: India equity indices closed at a record high Wednesday following positive cues from global markets.

At closing, Sensex was up 255 points, or 0.30 per cent, at 85,169 and Nifty was up 63 points, or 0.25 per cent, at 26,004.

It is the first time that the Nifty closed above the 26,000 mark. Intraday, Sensex and Nifty made a fresh all-time high of 85,247 and 26,032 respectively.

Selling was seen in the midcap and smallcap stocks. The Nifty Midcap 100 index closed at 60,465, down 385 points or 0.63 per cent, and the Nifty Smallcap 100 index closed at 19,357, down 82 points or 0.42 per cent.

Among the major sectoral indices, fin service, pharma, metal, realty, media, energy, private bank, infra, PSE and services were major gainers. Auto, IT, PSU Bank and FMCG were major laggards.

In the Sensex pack, Power Grid, Axis Bank, NTPC, Bajaj Finserv, Bajaj Finance, Tata Steel, HDFC Bank, M&M, ITC, ICICI Bank, and HCL Tech were the top gainers. Tech Mahindra, Tata Motors, Titan, Kotak Mahindra Bank, SBI, JSW Steel, and Wipro were the top losers.

Rupak De, Senior Technical Analyst, LKP Securities, said: "The Nifty made another lifetime high as bulls seemed in no mood to back down, despite a weak start. The sentiment is likely to remain positive as long as it remains above 25,900, where aggressive put writing was visible. Technically, the Nifty has sustained above its very short-term moving average."

"Furthermore, no reversal is visible in the momentum indicator. Therefore, we might witness a range-bound to positive move in the near term. Resistance on the higher end is seen at 26200-26250," he added.

The foreign institutional investors (FIIs) sold equities worth Rs 2784 crore September 24, while domestic institutional investors extended their buying as they bought equities worth Rs 3868 crore on the same day.

(IANS)

Sensex Trades Flat, Power Grid And M&M Top Gainers

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